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Cheap Eats in Reykjavík - Meals below 1000 ISK / 10$

For most people, a trip to Iceland can be an expensive one. Scandinavian prices are generally higher than the American or European average, which means travelers need to budget wisely.

And while many tourists are happy to pay extra for once-in-a-lifetime trips or unique accommodation, food is the one thing that doesn’t have to be expensive.

While Reykjavik has its fair share of gourmet restaurants and chic bars, there’s plenty of foodie options for travelers on a budget.

Reykjavik Iceland

To help you save money, we’ve compiled a list of our favorite budget bites in Reykjavik. We’ve tried to keep all our recommendations under 1000 krona (about $10-US), but sometimes you just have to treat yourself, spend a tiny bit more and enjoy some foodie delights.

Savory Snacks & Fast Food

Below are some of the best places to get a tasty, warm meal in Reykjavik without having to spend too much money:

1. Bæjarins Beztu Pylsur – “The Best Hot Dogs in Town”

Icelander eating hot dogs in Reykjavik

Tryggvatagata 1, 101 Reykjavík The classic bæjarins

Iceland is known for its hot dogs, and this legendary hot dog stands in Reykjavik has a legion of loyal and famous customers – Bill Clinton has even eaten here – and comes with a world-class reputation. The name, Bæjarins Beztu Pylsur, literally translates to ‘the best hot dog in town’, but what exactly makes them so special?

The hot dogs are boiled in pilsner beer and garnished with ketchup, sweet mustard, fried onion, raw onion and remolaði, a mayonnaise-based sweet relish. When ordering, make sure to ask for the ‘the works’ and get everything with your hot dog. For 1000 kr (about $10-US), you can get two hot dogs and one Coke – what a bargain!  

2. Noodle Station – Asian Soup


Laugavegur 103, 101 Reykjavík

Once the best kept secret in Reykjavik, Noodle Station is now regarded as one of the top fast food places in all of Iceland. The chain has two locations in the city, one in Laugavegur, and another in Kringlan.

The restaurant specialises in authentic Asian soup, which comes in three varieties – beef, chicken or vegetable. Made from a secret recipe handed down through the generations, the hearty veggie noodle soup is the perfect winter-warming dish. The delicious dish costs 990 kr (less than $10-US) and is a must-try when in Reykjavík.

3. Hlölla bátar – Subs & Burgers

Hlollabatar Iceland Street Food Sub

Ingólfstorg, 101 Reykjavík (you can find other locations here)

In Reykjavik, it’s hard to find someone who dislikes Hlöllabátar! The eatery serves up some of the best subs and burgers around and is the perfect option for diners on a budget. The restaurant offers a great selection with lots of varieties of sub to choose from.

Our personal favourite is The Tudinn, which comes in just over the 1000 kr budget at 1190 kr, but it’s worth it! The Tuddin, aka The Bull, is made up of beef, bacon, brisket cheese, cabbage, cucumber and Hlöllaso sauce – simply delicious!

4. Dominos – Pizza


Our last president Ólafur Ragnar is even known to grab one Þriðjudagstilboð every now and then.

All over, the one at Skúlagata has seats. Here you see all the locations.

If there’s one thing that everyone in Iceland loves, it’s a bargain, and Dominos’ Þriðjudagstilboð, AKA the Tuesday Deal is one of the best. Every Tuesday, Dominos offer a medium size pizza, with three toppings, for only 1000 kr!

5. Aktu Taktu – Burgers



Open late and the purveyor of some of Iceland’s best fast food, Aktu Taktu is a great budget-friendly option for late night feasts.

The chain’s meal deals are always a hit with the locals (and when the locals like something, you just know that it’s good stuff!). On Tuesdays, customers can get one of Aku Taktu’s signature homemade burgers, fries and a coke for 1000 kr (about $10-US). Vegans can also enjoy a tasty vegan-friendly burger, served with fried mushrooms, onion, BBQ sauce and vegan cheese (yes, such a thing exists!) for 1000 kr as well.

6. The Deli – Italian Food

Bankastræti 14, 101 Reykjavík.

As you’ve probably guessed by the name, Reykjavik’s The Deli serves up delicious, hearty Italian fare. The Deli sells pizza by the slice and lots of tasty paninis, making it the perfect lunch option when sightseeing downtown.
Lots of dishes are in under 1000 kr ($10-US), so guests won’t be stuck for budget-friendly options. One of the cutest things about The Deli is that the chef grows all the herbs, oregano and basil and such at home. Check out their Facebook, it’s super personal and friendly – worth following even if you never make it to Reykjavik!

7. Reykjavík Chips – Fries


Vitastígur 10, 101 Reykjavík

If you’re rushing back from an Icelandic day tour, or simply fancy a quick bite to eat, Reykjavik Chips is a great option and is located in the heart of the city. Here you can pick up cheap and cheerful chips and coke combo for only 990 kr –  a great deal if you ask me!

8. Nonnabiti – Sandwiches, Subs & Burgers


Hafnarstræti 9, 101 Reykjavík

Another Icelandic classic! Nonnabiti is said to make the best subs in the world, but we’ll let you be the judge of that. The subs are priced slightly higher than the assigned 1000 kr budget, but you should try them out anyhow – you deserve it!

Nonnabiti is popular with the after-hours crowds, who’ve finishing partying and want something tasty to eat.

Generally, Icelanders are split into two groups – Hlöllabátar fans or Nonnabiti fans. Our advice is to try both and see which one lights up your taste buds!

9. Subway – Classic Subs


Multiple locations see here

The classic Subway sandwich has long been a favorite with foodies across the globe, and Iceland is no exception. Pick up the small sub of the day for only 629 kr, ideal if you’re determined to stick to a tight budget or just fancy a quick bite.

If there’s extra budget, you can upgrade to a hefty foot long (12-inch sub), which costs 1089 kr.

10. Mandi – Middle Eastern Food

Mandi Reykjavik

Mandi serves up a taste of authentic Middle Eastern cuisine right in the heart of Reykjavik. Mandi is a local favorite with their kebabs, falafel and hummus going down a treat.
A bowl of hummus or a falafel bowl both cost 650 kr, while a large portion of chips costs 750 kr – perfect if you need to pick up some lunch on the cheap!

11. Dirty Burger & Ribs

Burgers or Ribs in Iceland

With a name like that, it’s pretty obvious what type of food you’re going to order here. Fans of American BBQ and homely southern cooking will be right at home in Dirty Burger & Ribs.

Customers can order anything from succulent BBQ ribs, juicy burgers and crispy chips. For diners on a budget, you can order six BBQ chicken wings for 1090 kr, just slightly over the $10-Us limit.

Dirty Burger & Ribs is known for its selection of craft beers and ice-cool milkshakes. If you plan on stopping by, make sure to order one of their vanilla milkshakes, which are priced at 990 kr (less than $10-US).

12. Icelandic Street Food

Icelandic Street Food

Lækjargata 8, 101 Reykjavík

No trip to Iceland would be complete without some authentic Icelandic home-cooking. Icelandic Street Food is a small, inconspicuous cafe near City Hall, which is known for its deliciously hearty and 100% Scandinavian fare.

The menu is limited, but don’t let that put you off. Everything on it is simply amazing. The soups are served in warm bread bowls, and cost 1390 kr. If you fancy dessert after your meal, we highly recommend the Happy Marriage Cake, which is made from oats, brown sugar, homemade strawberry jam and served with freshly whipped cream – divine!

Speaking of dessert…

Cheap Sweet Treats

These tasty treats can be enjoyed as a standalone snack, an after-dinner dessert or as a meal on their own (we’re not judging)!

13. Vínberið – Chocolate


Laugavegur 43, 101 Reykjavík

Chocolate connoisseurs rejoice! We’ve found the sweet shop of your dreams. Vínberið has been around since forever and is a little slice of heaven on Earth! The shop has hundreds of artisan chocolates, which are all displayed and on view in the shop.

If you fancy picking up some authentic Icelandic chocolate for family and friends at home, this is the place to find a souvenir or two.

14. Vöffluvagninn – Belgian Waffles


Photo from Jeffrey Simpson

This Belgian waffle truck is amazing! Picking up a waffle with whipped cream and jam for under 1000 kr ($10-US) is perfect for when you’re on the go, strolling through Reykjavík or after a long night out. At the weekend the truck stays open until 6am – just in case!

15. Café Haiti – Coffee & Cake

Cafe Haiti Reykjavik

Photo from Cafe Haiti Facebook Page 

Sometimes all you want is a great cup of coffee and a slice of delicious cake. Well, Café Haiti offers all of this and more! Situated next to Reykjavik’s marina, the cafe was founded in 2007 and offers coffee-lovers blends from Haiti, Turkey and even some local Iceland flavors.

When it comes to desserts and mouth-watering cakes, customers can choose from brownies, pancakes, chocolate cake, pecan pie, apple pie and an oh-so-wonderful cheesecake.

One Extra Tip

Want to grab a beer but still stay within your budget? Download the AppyHour app, available in the App Store or Google Play. There you can find all the pubs that have Happy Hour, they are always kept up-to-date and feature the best deals in town.
While you’re ‘researching, be sure to check out our guide to Icelandic beer. 

Skál! (Cheers!) 

Ever tried any of these?

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